DOE Announces $188 Million for Small Business Technology Commercialization

The announcement includes $73 million in Recovery Act investments to help small businesses bring clean energy ideas to the marketplace.

DOE-SealWASHINGTON, D.C. – U.S Energy Secretary Steven Chu today announced that the Department of Energy will award a total of $188 million to small businesses in 34 states to develop technologies with a strong potential for commercialization and job creation.

“Small businesses are a major engine of innovation and job creation in our economy,” said Secretary Chu. “Bringing these innovative technologies to market will help spur economic growth and reduce the country’s energy use.”

Funded through DOE’s Small Business Innovation Research program (SBIR) and Small Business Technology Transfer program (STTR), today’s selections are for Phase II work, which means that the 201 awards will support the development of prototype or pilot operations for innovative technologies that have successfully passed the proof of concept stage.

The 201 awards fall in 76 targeted technology topics, in areas such as the smart grid, energy efficient buildings, industrial energy use, advanced renewables, cleaner fossil power, carbon cycle measurement, and high performance computing.

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Source: U.S. Department of Energy
Photo: U.S. Department of Energy